20 Investment Projects Proposed in Siem Reap Development Master Plan

At least 20 major investment projects have been proposed as part of the 2020-2035 Siem Reap Tourism Development Masterplan during an inter-ministerial meeting last week.

The meeting was joined by the Ministry of Tourism, the Ministry of Environment, the Ministry of Culture and Fine Arts, and the Siem Reap Provincial Municipality. During the meeting, the committee agreed to set up governance and institutional mechanisms along with investment strategies (public and private) to support tourism development and implement the master plan of Siem Reap province.

Spokesman of the Ministry of Tourism Top Sopheak told Construction & Property Magazine on 13 July that the master plan is vitally important as a guide for development. Meanwhile, the results of the meeting will be completed soon and will be submitted later for the government’s approval.

“I cannot inform about the master plan details to the public yet since it is still in the stage of inter-ministerial discussion. After getting the approval from the government, then we will be able to talk in detail,” Mr Top said.

Regarding the Siem Reap development plan, the Ministry of Public Works and Transport is also planning to build 38 more roads in Siem Reap to enhance the economy and beauty of the province, as well as to help connect the city centre to the rural areas. (Read more)

- Video Advertisement -

Related Post

MinebeaMitsumi to Invest Over US$320 Million in Expanding Operations in Cambodia and Thailand

Japanese electronics supplier MinebeaMitsumi has announced plans to invest 50 billion yen (US$321 million) to build a new factory in Cambodia and expand a solar power plant in Thailand. This report was published by NIKKEI ASIA on 10 May 2024. MinebeaMitsumi will allocate 32 billion yen (over US$205 million) to construct a new factory in […]

Cambodia Attracts US$309 Million in Investments with 22 New Projects in April

In April 2024, Cambodia witnessed a surge in investment activity as the Council for the Development of Cambodia (CDC) greenlit 21 fresh investment ventures alongside one expansion project, collectively valued at an impressive US$309 million. This influx of investment is poised to generate approximately 23,000 employment opportunities, marking a significant boost to the country’s economic […]

Virak Buntham Unveils Ambitious Plan to Transform Koh Sneh Beach into Premier Tourist Destination

Virak Buntham, a prominent player in Cambodia’s tourism sector, has announced a significant investment in the development of Koh Sneh Beach, located in Khemarak Phoumin City, Koh Kong Province. The company aims to elevate the beach into the premier tourist destination in the province, unveiling plans for extensive resort development and recreational facilities. Neak Oknha […]

Second Conch Cement Factory in Battambang Worth US$ 253 Million Reaches 85% Completion

The construction progress of the second Conch Cement Factory in Battambang province, valued at US$253 million, has reached a significant milestone, with approximately 85% of the project now complete. Scheduled for an official inauguration in September 2024, this development marks a crucial step forward in Cambodia’s cement manufacturing sector. The update was shared via a […]

Toyota Unveils US$36 Million Assembly Plant in Phnom Penh SEZ

In a significant boost to Cambodia’s automotive industry, a new Toyota assembly plant, valued at over US$36 million, was officially inaugurated in the Phnom Penh Special Economic Zone on 2 May 2024. This landmark event was presided over by Samdech Hun Manet, Prime Minister, marking a new era in the country’s manufacturing capabilities. The Toyota […]

Cambodia Forges Ahead with International Standard Community Nurseries for Workers

Cambodia is accelerating its initiatives to establish community nurseries built to international standards. In a concerted effort to elevate working conditions and support the welfare of labourers, the Ministry of Labor and Vocational Training (MLVT) convened a pivotal meeting on 18 April 2024, in collaboration with the World Child and Development Organisation and the World […]